Concerning dealers and brokers in the financial markets

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Reference no: EM131967609

Which one of the following statements concerning dealers and brokers in the financial markets is correct?

A broker earns income in the form of a bid-ask spread.

A broker deals solely in the primary market.

A broker never assumes ownership of the securities being traded.

A dealer in market securities arranges sales between buyers and sellers for a fee.

A dealer pays the ask price when purchasing securities.

Reference no: EM131967609

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